Month: May 2024

The Company restarted silver-gold production at the Company’s Velardeña Properties (Durango State, Mexico) in December 2023, but stopped mining at the end of February 2024 and stopped processing mineralized material at the end of March 2024, after determining the initial performance of the mine and processing plant did not achieve the expected mine production ramp-up schedule or initial expected plant concentrate production results.

Prime Chief Executive Officer Scott Hicks commented, “2024 is off to a great start for Prime as our high grade, gold-silver Los Reyes Project in Mexico continues to deliver excellent results. We released exciting expansion drill results from Guadalupe East and generative drill results from Las Primas, which demonstrate similarities in mineralization and potential for underground resource expansion, while expansion drilling at Z-T continues to extend mineralization along strike and at depth.”

Ernesto Balarezo, Sierra Metals’ CEO, comments, “We are pleased to deliver another strong quarter of operating and financial performance. Operationally, Bolivar had a record quarter of metal production, while at Yauricocha the mine maximized production above the 1120 level as development at depth is progressing on track, which will allow us to reach full capacity in the fourth quarter of 2024.”

Starcore International Mines Ltd. reports that it has joined forces with Kappes, Cassiday & Associates to launch an environmental rehabilitation project to clean up mine tailings from the municipality of El Oro in Mexico.

“Since our initial investment at the end of last year, NZEC has made great progress in terms of preparation for oil well workovers at Copper Moki commencing in the second half of May, as well as the Tariki-5 gas development well scheduled for August. NZEC just closed an upsized $5M private placement with a lead order from Charlestown Energy Partners, LLC, which demonstrates the caliber of their assets and the promise of significant near-term progress with their proven and committed leadership team.”

Ross Beaty, Chair of Equinox Gold’s Board of Directors, commented: “I thank all our shareholders for their ongoing support of Equinox Gold as we continue our mission to become a major global gold producer. I am also pleased to welcome our new director, Trudy Curran. Trudy brings a wide range of legal, governance, capital markets and leadership experience and will be a wonderful addition to our Board.”

The Offering consisted of units of the Company at a price of C$0.20 per Unit. The Offering was led by Research Capital Corporation and Red Cloud Securities Inc. as the co-lead agents and joint bookrunners, on behalf of a syndicate of agents, including Canaccord Genuity Corp.

Reyna Silver Corp. is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 11,066,250 units of the Company at a price of $0.16 per Unit for gross proceeds of up to $1,770,600, increased from the previously announced 10,625,000 Units for gross proceeds of up to $1,700,000.

Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold’s 2023 ESG Report summarizes our responsible mining commitments and management approach to the ESG issues that matter most to our business and our stakeholders. We have dedicated significant effort over the last six years to ensuring our commitment to excellence in responsible mining creates the foundation for our corporate culture and business strategy.”

Rick Trotman, President and CEO of Barksdale, states, “The results of our PEA on San Javier outline a very simple operation with compelling economics. This base-case provides the foundation from which additional economic upside can be unlocked, such as the significant resource expansion opportunities at the Cerro Verde orebody, exploration upside at Mesa Grande and La Trinidad, and additional metallurgical testing to recover gold. In today’s market it’s rare to find a simple development project with such low upfront capital costs.”